Glossary entry

French term or phrase:

30 jours fin du mois le vingt

English translation:

explanation below

Added to glossary by Helen Jordan
Dec 7, 2004 11:58
19 yrs ago
8 viewers *
French term

30 jours fin du mois le vingt

French to English Bus/Financial Business/Commerce (general)
In agreement regarding logistics services

Les factures de la SOCIETE seront payable a 30 jours fin du mois le vingt par virement bancaire.

TIA for any help

Proposed translations

+3
13 mins
Selected

explanation below

This formulation come up before.

In my notes, I have this example:
Le solde à 60 jours fin de mois le 10 = balance paid on the 10th of the month following the end of the month which has the day which is 60 days from now

So yours would be paid on the 20th of the month following the end of the month which has the day which is 30 days from now.
Or - take today, add 30 days, this is called month M, payment in the 20th of month M+1. Neat, huh!!

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Note added at 24 mins (2004-12-07 12:22:11 GMT)
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I don\'t think such payment terms are very common in English-speaking countries (I think it\'s usually just x days), but I guess you could explain it by saying something like:

payment will be on the 20th of the calendar month that follows the date of receipt of your invoice plus 30 days.
Does that sound clear?
Peer comment(s):

agree Víctor Nine
11 mins
agree Glen McCulley : i've seen this formulation before - there must be a snappier way of describing it! NB: UPDATE A DECADE LATER! "net 30 eom" is the answer!" ("net" = in full, 30 = 30 days of credit–likely with discounts proposed for earlier payment–, eom = end of month)
1 hr
Doesn't include the extra 20 days, though, does it :-) Luckily, in recent years, legislation in France has made such terms less frequent, since 30 days + the extra 20 days > 45 days the rules are trying to get to be the absolute max.
agree Michele Fauble
7 hrs
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3 KudoZ points awarded for this answer. Comment: "Thanks!"
+1
13 mins

30 day end of month, the 20th

If you deliver the 25th november, you have to waith for the end of month, then 30 days, and then the next 20th, so january 20th
Peer comment(s):

agree Víctor Nine
11 mins
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+1
47 mins

30 days end of month on the 20th

this has come up several times and it is not at all common in English, but it means payment is 30 days from the end of the month when delivery was made, then extended to the 20th of that month (payments issued once each month on the 20th)
Peer comment(s):

agree tanglewood (X)
9 mins
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10 hrs

payment terms: 30 days, payment on 20th of month following

Seems to me all the explanations are correct, but it's hard to find a neat way of expressing it.

My suggestion would be to separate the 2 ideas; basically, the payment terms are 30 days [standard English practice, no real need to add 'from date of invoice'], but the payment won't be made until the next 20th of the month... or '20th of month following', in commercialese
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